It has been nearly 16 years since the birth of Bitcoin. From having no actual value to a single coin exceeding US$90,000 (contract market), from being held by a small group of mining groups to governments and institutions scrambling to buy it, everything seems to be going so smoothly.
However, in fact, Bitcoin has experienced many fatal plunges in the past 16 years, each time making the market believe that "Bitcoin is dead." However, the downturn after each plunge eventually brought a brighter future for Bitcoin.
Changpeng Zhao: If you ever believed in the "Bitcoin death theory", you can only blame yourself
Against this backdrop, Binance founder Changpeng Zhao (CZ) tweeted today and included the website URL:
If you’ve ever believed one of these “Bitcoin is dead” myths, you only have yourself to blame.
Interestingly, this website records as many as 385 "Bitcoin death statements", the earliest record can be traced back to an article published by The Underground Economist on October 15, 2010 (Why Bitcoin Can't Be a Token); the last one was published on June 19, 2022 by News.com.au (Bitcoin fell to $17,000, marking the death of cryptocurrency).
In addition, the website also compiles the time when each death statement was published into a chart. We can clearly see that regardless of whether the price of Bitcoin rises or falls, such statements continue to appear.
CZ: Don’t put all your eggs in one basket
As for Bitcoin's continued record highs, CZ also tweeted on the 9th to express his views, advising investors to conduct appropriate risk management:
As bitcoin continues to hit new all-time highs, risk management is in order. There will be many lower lows (and higher highs) ahead. Make sure you can handle them. Control your greed and don’t put all your eggs in one basket.
It is worth mentioning that CZ’s tweet quoted his famous remarks during the 2021 bull market:
If you can't hold, you won't be rich.
